Will $1000/BTC seem like a bargain price in 2014?

[cr1776]

IDK. It looks like zerocoin might take over bitcoin in 2014.  

Zerocoin is an extension to the bitcoin protocol, not a separate blockchain.

It will be released as an alt coin, as bitcoin didn't use it: https://twitter.com/matthew_d_green/status/401797786347114496

And then probably wrapped into bitcoin once the alt coin test works. There was a good discussion about this in the dev section.. :-)

[exstasie]

I don't think there is much evidence right now saying that it won't be a bargain.  I think $1000k will be a great price for 1BTC.  Dont' think we'll see crazy gains like we saw in 2013, but it will still be good!

[CoinGeneral]

No if Bitcoin prices fell to $0 then $1000 price in 2014 would be way overpriced

So no, $1000 is not a bargain price

[JimboToronto]

if Bitcoin prices fell to $0

LOLOLOLOLOLOLOLOLOLOL

hahahahahahahahaha

[AnonyMint]

Okay let's consider the following possibility. It appears to me to be an initial mania among the tech early adopters, then a maturity phase, and now entering the blow up mass mania phase. This pace of price appreciation to $10,000 by June 2014, will pull in the masses. It will be all over the news in 2014.

Bear in mind the psychology of the following chart. Movements from $10 to $100 are not as worrisome (envious) to the general population as movements from $100 to $1000 and then from $1000 to $10,000. And that is even not factoring in potential synergistic acceleration I am positing below. It is not that someone couldn't have invested the same amount and made the same 10x gain, rather it is that the market cap relative to the world's net worth is becoming more significant. And people sense this intuitively in the level of nominal price rises and the fact that more noise is made (in the news, word-of-mouth, investment newsletters, etc) with larger market cap invested.

[MAbtc]

Lucif's prediction of a multi-year bear market has me scratching my head.

Anyone have thoughts on whether there is correlation between bitcoin and stock markets, and to what extent, if so? That may be significant.

[azedee]

Okay let's consider the following possibility. It appears to me to be an initial mania among the tech early adopters, then a maturity phase, and now entering the blow up mass mania phase. This pace of price appreciation to $10,000 by June 2014, will pull in the masses. It will be all over the news in 2014.

Bear in mind the psychology of the following chart. Movements from $10 to $100 are not as worrisome (envious) to the general population as movements from $100 to $1000 and then from $1000 to $10,000. And that is even not factoring in potential synergistic acceleration I am positing below. It is not that someone couldn't have invested the same amount and made the same 10x gain, rather it is that the market cap relative to the world's net worth is becoming more significant. And people sense this intuitively in the level of nominal price rises and the fact that more noise is made (in the news, word-of-mouth, investment newsletters, etc) with larger market cap invested.

http://www.coolpage.com/commentary/economic/shelby/btc.jpg

Today the clouds above my home looked like a whale. I wonder what pattern was in it. 

[Hfertig]

You never know. But I have a strong feeling that major hedge funds (some already have) will be moving into bitcoin in a serious way in 2014.

Interesting, I actually thought they are already in and are now taking profits. Bitcoin has been on their radar for quite a while...

[d5000]

I think the maximum possible bitcoin price is around 5000-10000. But it's not guaranteed we reach it.

Perhaps in 2014 a serious competitor for BTC will emerge. And I'm not talking about Litecoin. That could "cap" the bitcoin price. Perhaps this will even be good - BTC would acquire more stability, like in 2012 when everybody in the general public thought Bitcoin was dead. This would allow a real BTC economy to emerge, and speculation would be slowly phasing out.

[adpinbr]

I think the maximum possible bitcoin price is around 5000-10000. But it's not guaranteed we reach it.

Perhaps in 2014 a serious competitor for BTC will emerge. And I'm not talking about Litecoin. That could "cap" the bitcoin price. Perhaps this will even be good - BTC would acquire more stability, like in 2012 when everybody in the general public thought Bitcoin was dead. This would allow a real BTC economy to emerge, and speculation would be slowly phasing out.

What you mean to say is i think the maximum market cap of bitcoin is 210 billion. please explain that logic. I see 1 trillion defenitley possible

[pbody]

I think the maximum possible bitcoin price is around 5000-10000. But it's not guaranteed we reach it.

This is hard to say. From what I know, if bitcoin circulation equaled the dollar it would be worth 98,000. This is highly unlikely but if you factor in other currencies and realize this is world currency the numbers can get rather high. I would be surprised through if we cross 10,000 in the next year. Maybe 2-5 years. Just my guess.

Anyone have the calculations for astronomical numbers people throw around on here. Such as the unbelievable claim of bitcoins potential of being worth 1,000,000.

[Chuckee]

If $1,000 is a bargain price, then everyone should be buying now! haha

[sgbett]

You do realise that the other side of every sell, there is a buyer?

[DeadCoin]

I'm hoping so. Or atleast $1300

Bought at $1200 by any chance?   

[TeeBone]

LOL expect more of these threads to pop up over the next months/years, since so many have been royally screwed.

[Dafar]

PROOF that the people who vote on the polls here know NOTHING